tv Lou Dobbs Tonight FOX Business October 10, 2018 11:00pm-12:00am EDT
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just for those of you who western shocked to see that the dow fell 832 points. from the time he was elected, president trump has watched thet now, thank you, ladies, here is lou. lou: good evening, our top stories, hurricane michael has slammed into florida's gulf coast, storm packing winds in excess of 1 50 miles an hour, and massive storm surge, nearly 8 feet in some places on coast, residents respect widespread flooding, the eye of the storm is moving inland. >> it is a tough situation, we're with them, we're with georgia, florida, alabama, everyone that going to be hit we have covered.
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i say god bless everyone it will be a rough won, a dangerous won. lou: as president said god bless everyone in the path of hurricane michael. a storm of a different kind on wall street, the dow plummeting 832, large est single day drop since february. tech stocks today posting some steepest losses. radical dems growing unhinged as left has been dealt a string of humiliating political defeats in the run-up to midterms. obama attorney general eric holder, only former sitting cabinet member held in contempt of congress making thuggish threats gen against republicansd conservatives. >> michelle says when they go low we go hi, no, now, when they
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go low, we kick them. lou: he is about as cul cute ast gets, eric holder, we'll have more on the thug. amid a byy day of news, busy day of news, president trump to speak in a rally in pennsylvania, we'll bring you highlights, we take up the day's headlines with two prominent republican congressmen, andy bigs of ale arizona, and louie t from texas. >> rick leventhal with latest from panama city on hurricane michael. reporter: hurricane michael's landfall whipping coast with 155 mile per more winds, and
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sideways rain. the fast moving, strengthening category 4 hurricane making history, the most powerful storm to hit florida panhandle. governor rick scott activated national guard and search and less kerescue personnel, declarg disasters in three dozen counties, urging residences and visitors to get out while they still could. this morning federal emergency agency said what window to evacuate had closed. briefing donald trump on the storm, who promised help is on the way. >> 14 states different utility from 14 states are already ready to help with energy. >> electric company are from all over the country, they are lined up, as soon as it goes by they will be working. reporter: storm surge warnings
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over 300 miles of coastline with 9 to 14 feet of dangerous flooding predicting, threatening thousands of roads and structures with potentially catastrophic high water, 75 oil platforms had to be evacuated in the gulf. >> i might not be here tomorrow, i really don't want to cry on the camera, this is what we have to deal with. reporter: a look at damages, there is a utility pole down in the corner, route 98 toward gulf beaches, you can see a line of utility poles leans down to road with wires down. we're told 88% of this cun coups without power, there no word on when it may come back on. across florida toward alabama
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and georgia, warnings are there are wide swaths of had reunion that could be without -- of this region that could be without power for weeks. lou: thank you so much. >> president trump criticizing federal reserve for raising interest rates, cutting margin, calls it a mistake just hours after biggest sell-off in months on wall street. >> i think that fed is making a mistake, they are so tight, i think that fed has been crazy. you could say that that say well the of safety actually it is. it gives you margin, but i think that fed has gone crazy. lou: well despite more than 800 point drop in the dow today, the dow jones centrals still up -- still up. fox business deirdre bolton is
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joining us with more on the story. reporter: much more, to your point, if you have been in the market for longer than a year or 8 1/2 years, you are still very much ahead. but for the day, worst in two years for the tech heavy nasdaq, some stocks that fell, amazon, netflix, microsoft, apple, all beg decliners, luxury stocks as well, tiffany's, down by more than 10%. some traders are worried about rising interest rates, bond investors pushed yele yields upt is a drag on consumer and businesses, other say, concern not so much selling in the stock market or bond market but how they are behaving together. it is rare that investors, see stocks and bonds sell-off at the same time, that is happening now, it only happened 3 times in last 20 year, it has predated a falling stock market. but some traders not worried,
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tech stocks are too expensive, saying they are overvalued given when their earnings will be, tech stocks cannot -- tech companies cannot keep growing at rate they have been. these are natural. and a lot worried about u.s. and china trade relationship, one trader described it to me as a rock underwater. he said, he knows it is there he can't see it, it will be difficult t 2 1/2 to navigate a. lou: it is amazing. investors up, a third since the president was elected. and you would hear some of the people in business press today, you know wringing their hands. trying to explain it. and it called a correction. it happens there we are, it happened a few months back. it will happen again.
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some point in future, we hope distant not at chairma sharp as. reporter: said, stocks go up and stocks go down. lou: but with this president people are used to one direction. the fact is we have most secure markets in the world, strongest economy in the world, thank you, mr. president. and and you know we will be able to withstand that, if business does not keep bringing its hands so much and scaring people. reporter: there you go. lou: national media thinks that everyone in america is a snow flake they believe that snow snowflaked squared. reporter: a red day in a sea of green. lou: well said, i love you picked outtiffany's. >> some people saying your
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relationship with china put pressure on tourism. , that is one reason. lou: have you a personal attachment to that stock. reporter: i just picked it out. lou: good choice. >> thank you. jim: deirdr.lou: deirdre bolton. rod rosenstein, refusing to submit to congressional oversight as he has been doing through out. rod rosenstein refusing to meet with house lawmakers tomorrow as planned and scheduled, follows reports that former fbi acting director andrew mccabe had talked about rod rosenstein's suggestion to secretly record president trump. talked about that with fbi top lawyer, and congressman andy bigs andag congressman matt gaez had it, releasing statement. judiciary committee must now is up openna hi such openna him to-
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subpoena him to appear, allowing special council robert mueller to escape oversight of his investigation. joining me now to talk about all of this, decision to subpoena rod rosenstein and justice department's decision to ignore a house subpoena for mccabe's memo, detailing his meeting with rosenstein, andy bigs, great to have you with us, start with rosenstein, what are prospects for encouraging him to appear before your committees? >> really in hands of our chairman, and we're talle calling on chairman to issue that subpoena, to get him before us, i am not alone. meadows and g gohmert, this hava host of us we want rod rosenstein to come in testify, let's hear what he has to say about this serious allegation.
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it is. -- we need to subpoena him, and quite frankly, you know it, when you try to ensure compliance, if you don't have a punishment or a carrot, or a stick, then you are never getting compliance. we tried that carrot approach it is time for the stick. lou: it is time for the stick as you put it but we have been watching these delay, the the insulting delays from justice department, refusal to defer to oversight role, the constitutional oversight role of congress. you put up with it for so long -- goodlot is a man who has done too little too late. it has been a woeful performance
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from those chairman. of those important committees, for this to get to this point, there is one other person absent that is the always favored paul ryan. who seems not able to raise money, does not seem able to campaign, or stand strong and tall with his constitutional responsibilities and those of congress. >> we don't defend our institution, our leadership has failed to get the subpoenas issued. and the result is, not only do they hold us in contempt, it appears we hold ourselves in contempt that gives a reason for public to hold us in contempt. that is a real problem. lou: for crying you on loud, today, congressman, chuck
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grassley, saying there would be no hearings for a supreme court nominee in 2020. i mean, the madness of this. by the way, contradicttion with senate majority leader who said there would be, i don't understand the leadership of the judiciary committee and senate or house. they have -- they are -- i mean they seem to think it is appropriate to represent their disloyal, antagonistic and even violent opposition that is the radical dems it is unbelievable, breath taking to watch. >> i have said before, democrats view this as a war, our side view its as a process. and thus we're always lose until we elevate it, and fight back. and that is where we have not really done great, i will tell you, if you saw last week, what happened energy that came out of
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that hearing with people began actually it fight back, lindsey graham, a tough stance, and others. thathat energized the republican party that notion we're pushing midterm is wrong. we have to stand up and fight. lou: you do. you have to just a little over -- under 4 weeks to get that done. very quickly. is jim jordan edging out kevin mccarthy for speaker at-this-point? where do they stand in the race? >> tough to say, nobody has the majority of votes right now, they are both working hard, i think there are a few floaters that are waits to get in. lou: can i get a vote, maybe tip balance if it gets too tight. >> well you don't have to be a member to be a speaker. lou: you shouldn't have to be a member to vote, right, thank you so much appreciate it. >> thank you.
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lou: congressman bi biggs a gret american. >> up next. after labeling deranged dems, radical dems as a mob of angry leftists, imagine that. >> they don't call them protesters, or people with right to petition congress tha that ia constitution also right they call them a majority call 3-letter word. >> people like ted cruz gets chased out of restaurants by a mob. >> you are not going to use mob word. >> describing protesters as a mob is a fact, is it mob behavior no. >> thank you. >> it is people who are upset, angry with way that country can going. >> will you let me finish. lou: snowflakes until they are a mob, i said it, mob. a 3-letter word we'll use it a lot. >> republicans have been shot,
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louie gohmert. always good to have you here, let's start with your friend, rod rosenstein. he is now subpoenaed. he is the target of the house. after all of these months of delay and stonewalling congressional over site. finally your leaders are upset enough to assert their authority. i guess that is what it is, in oversight over the justice department. the justice department has told you all to go to hell, time and time again, why gets mad -- only now. >> some of us have been, have you been leading cheers on that appropriately. i am glad someone is joining us in being upset that will allow to us do something. you remember, lois lerner, eric
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holder, loretta lynch, hillary clinton, so many people come up and lie. you are talking with andy biggs, until someone is held a coupible they will keep doing it. i believe rod rosenstein lied to congress. you know what, it is not going to be mueller that does the investigation, to the take a special counsel to investigate rod rosenstein. whether we do subpoena him, and let's face it he has been obstructing the investigation into what went on for a long, long time. but he and mueller, a number of them were involved in the previous russia investigation. mueller needs to be investigating himself and rod rosenstein. that does not work out so well. we need someone else to look into them. what can we do? we should hold people in contempt for reducing to reduce
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the things that we've been asking for, and much more than patient. as i found out when i was a felony jyo judge, you put a lawr in jail for one day in contempt of court the rest come along nicely after that. lou: improves their attitude? >> a real good attitude adjustment. that is what congress needs to do. or we'll have games played. i know, jim jordan has talked about that, they are playing a game of hoping to get beyond the election, and any crimes they may have committed may be able to go away, we cannot let that happen. this is too important. you brought up speaker race. i saw that mccarthy, our majority leader filed a bill to build a wall, we've been pushing for that for two years. and andy biggs, had on, had a bill he filed to pay for all of
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wall. and so i am glad to hear our leadership, our elected leadership is coming along, getting on board with andy and the rest of us. lou: you say -- >> nice to say, we'll not have a vote before now and the election, nice to file a bill like that now. lou: he, you know he is paul ryan's cohort. he is also you know a lot of people missed what your speaking said after he made kevin mccarthy made his announcement about the bill for the border wall funding. he said there will be quite a fight after the midterms. you know, it is -- this is silliness on leadership of your conference that i can't begin to comprehend. >> you have been talking about it for at least two years. i can promise based on my years here and seeing things put off to december year after year
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after year, everything we put in to december, from september, every time there has not been a fight it has been a massive rollover, and give the democrats and the democrats in senate whatever they want that happened of year, i think they there will not be much more of a fight now, that is why they put it to december, i think that best christmas present to give to americans to be here fighting against stuff they give to us to fight on christmas day, what a great present. lou: congressman. you are right. we're out of time. but i have to say, it is a -- in texas i believe. a hell of a note that the guy talking about a fight is the guy who resigned his job 8 months -- and still in the offers. you know that is also a hell of a note. >> it is. >> one heck of a note that guy
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mueller, people he is prosecuting we didn't need special counsel to do that. lou: congressman. appreciate your being with us. >> glad to visit with you, lou. lou: be sure to vote in our poll, do you believe it's time for justice department to investigate radical dems increasingly mob-like threats and violence? cast your sproa vote on twitterd like to hear from you. >> up next former attorney generallerisk hole -- eric holder, raising bar for radical left, calling for more violence against the republicans and president trump. after hillary clinton said this -- you remember this. we're going to remind you throughout to the midterms. she said you cannot be civil with a political party that wants to destroy what you stan for, what you care about, that is why i believe if we're fortunate to win back the house and or senate, that is when
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civility is start again, oh, my god, so nice, unrelenting violence but if we give them absolute control of our government they will try to be nicer to us. we take up the dems rhetoric and much you're headed down the highway when the guy in front slams on his brakes out of nowhere. you do, too, but not in time. hey, no big deal. you've got a good record and liberty mutual won't hold a grudge by raising your rates over one mistake. you hear that, karen? liberty mutual doesn't hold grudges... how mature of them. for drivers with accident forgiveness liberty mutual won't raise their rates because of their first accident. liberty mutual insurance. ♪ liberty. liberty. liberty. liberty ♪
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come from other money managers. fisher investments. clearly better money management. lou: breaking news, a chinese spy to be prosecuted in united states for first time in history, after he tried to steel american -- steal american trade 6 rhett6 -- secret. this is not an ic isolated incident. it is a crime policy, it is a national security policy on part of the chinese, we're damn fools because we ask like it is an
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economic policy, a crime. it is an assault on u.s. sovereignty. this from fbi director christopher wray and dhs secretary, nielson. saying only way to protect american election integrity and infrastructure. >> our enemies do not respect borders and not constrained by. >> i geography. >> oh, my. they have not figured out what to do about meddling in 2016 election. but better than obama, at least they are trying, trump administration doing something about it. the obama administration obama administratiodidnothing. except set up it appears pruch fopresident trump for a witch hunt. >> eric holder is echoing
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hillary clinton's idea that the era of dems engages in a -- is at an end, new video showing corrupt former attorney general calling for violent against lent republicans. >> time for us as democrats to be as tough as they are, as dedicated as they are, committed as they are, misch wil michellen they go low, we go high. no. when they go low, we kick them, that is what the new democratic party is about. >> it is. all it does is further democrat how radical dems have become more radical, and serves as a reminder if they were to win back power in midterms, things would worsen, quickly. lou: joining me now.
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fox news political analyst, ed rollins. >> thank you. lou: there is certain ignorance in guy in charge of "fast and furious" gunrunning can disa sco mexico. only sitting member of a cabinet cited for contempt by u.s. congress. bold. >> b he obstructed justice about every day he was there, favorite democrat trick is drop to their knees fire low. i am an old fire, you knock their head off, they alike they are holier than now. they are not. lou: why aren 't the republicans doing anything. you go to poles. you say -- polls you say who do i vote for?
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and my god one of the first things you have to worry about is who is in charge of national security. the president, he needs the republican support. must have support from the republicans. we need more republicans he says, and points out, and is right. i don't hear the republicans with a fire and determination with certain exceptions, bigg, gohmert, gates, jordan, meadows. a handful, but does not sound like a conference ready to go to battle for this country, that is who radical dems are trying to throw over. >> president is going to battle. lou: he has nothing to prove, it is about what conference prove in less than a month. president is proven. >> we're dead even in some of the critical races. we have to push them across the
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line, we have 3 or 4 senate races in our grasp, the house we're down a bit we can still gain i senate and not lose the house if we go out and work hard like we've not worked before. i am pleased where we are considering where i thought we were a couple months ago. lou: i think what what we went through, and justice kavanaugh and his family have gone through, and ignore a ignorancef radical gems i demps in that pa. i can't imagine what it would take to infuriate, motivate republicans to get to the poll, take 5 others with them. >> you need to put up through chairman at committees. if democrats take charge, maxine waters in charge of financial institution, people will be investigative committees, i
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think if public sees that they will be appall 123450d we'lled. lou: we'll follow that. >> right. lou: thank you, ed. >> up next more of the radical left widgers hate rest -- left winger hate rest o hatred of red americans. >> we don't hand matches to an arsonist, you don't give power to an angry left wing mob, that is what the democrats have become. >> i'm sorry. my friend ed rollins and i were having a post discussion, discussion, we'll take up that and more right after the break. stay with us. we'll be right back. why bother mastering something?
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socialism, dismantle law up forcenforcement, eliminate i.c., get rid of american borders, democrats are the party of crime. their luft for power the democrats have become unhinged, they have been crazy. lou: president saying that democrat, radical dimms are party of open borders and crime. republicans party, is the party of strength and safety. here is talk about all this dan bonjino, former secret service agent, author of spygate. available every where, we urge you to buy the book, dan, great to have you with us, the president is laying it on-line for the republicans and house, and senate. he is campaigning, three times a day, he is in an airplane to somewhere to get it done.
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support candidates, and on the weekend and on the week end he is at another rally, this is a guy who is out working everyone in his party, everyone in washington, what a performance, and what do we hear from too many republicans in there is a problem? i have to really go work and kind of point out what awful tactics are being employed by radical dimms? what do you think. >> he is not messing around. >> he is not. >> president trump is totally committed. >> hollywoocommit hollywoodcome. lou: hohallelujah. >> i am so so with you, new ruls we're not going to back dune ann into more. old rules, old republican party, you saw this, i have seen it. the democrat name the fight any
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fight, obamacare, healthcare, supreme court justice, they take a political grenade, whatever it is, democrat lob it on battlefield, republicans scatter, a couple strong ones are left, they are left to their own to fight media ac activist groups by themselve, donald trump said, i'll be there with you, i am not abandoning the field, i am not abandoning kavanaugh, i am not abandons tax cuts, and i could not abandoning calling democrats what they are. i wish some slop rat republicans would get on the train. lou: you know other party, speaker ryan, sitting there hidden in his ivory layer at the house. still pretending he is an important person, he resigned his post 8 months ago, like taking a straggler to cam pat
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with you, i don't get what is going on, he is supposed to be feel general, he -- field general he more milk toast than anyone. >> you know it is -- i was in graduate school, studying psychologist. lou: you? >> shockingly. lou: scary. >> i know, i actually went back to business school later obut there is a learned helplessness, you can train subjects to be helpless, you don't give them an out, republicans have learned to be helpless, they were so afraid of this iron triangle, activist group, swamp rat democrats and media, they were terrified, they learned to be helpless, and trump has reinvigorated the party with a fighting spirit, they don't know how to handle it yet. lou: another iron triangle they are afraid of, that made up of
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chamber of commerce, business round table and koch brothers. bee could square if off and include wall street, those are folks they fear. this at. >> you have seen that on the immigration front, they are terrified big time. lou: we're out of time, dan, i have time to remind folks, important to buy your book. title of that book "spygate, attempted sabotage of donald j trump." >> you are the best. lou: thank you. >> up next president trump rallies voters in early, pennsylvania -- in erie, pennsylvania weighing in on hurricane michael. >> our thoughts and prayers of our nation to everyone in the path of hurricane michael. s specially in the florida panhandle. where it is shipping an hittingg
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lou: breaking news, hurricane michael moving through florida panhandle to southeastern georgia, eshe extentsive damage reported near panama city beach. damaged homes, no injuries or fatafatalities reported. president trump pledgeingful resourcepledgeingfulresources o. joining me now. wor radio personal he mark samone, also gina laden. political analyst, author of the book "mad politics." i didn't know there was any other kind, we recommend that book, gina, we start with this having to subpoena rod rosenstein, stonewalling of the congress.
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the president is said he is not going to fire rod rosenstein. congress has had a belly full. >> president -- i think that whenever president is doing something, it is not making sense to me, i learned to just wait, things that come from that are good, look back at for example with tariffs. >> i trust the president implicitly, that is not my question. the question is, why has congress taken so long to act? what will be result of subpoenaaing rod rosenstein himself. >> in same way i trust the president, i don't trust congress. like the same way. lou: a countervailing influence.
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>> flip side, i am used to congress not acting when they should be. and why they have not used power that people have given them when they elected them, they still refuse to use it when they should. if they should be acting, they usually don't. i think that is why their popularity is a problem with american people. lou: turn to eric holder, mark. >> i don't know, i used to look at congressmen, you don't trust them, then you see holder and mccabe and strzok. and rod rosenstein, these people, holder of the chief law enforcement officer the united states, now he calls for violence? lou: i am not surprised by eric holder. i have to tell you, the man is responsible for the most little bittization of the justice -- littllittlelittlofthe justice dt
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holder, talking this way. and in georgia, talking about kicking people. there is a outrage anywhere if not eric holder, which makes no sense to me, even for national left wing media they arin nothig but suck ups and supporters of obama tradition. >> we had a congressman shot. a little story getting no attention outside of new york, a guy made a homemade bomb, heading to washington with this, this is not time to call for violence? snow, have you ted cruz, and crowds, antifa all over. jean alet's turn as well to -- are the republicans going to build their majority or lose it? >> i think there is a
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reawakening over proceedings of kavanaugh confirmation, i think same people that started tea party that caused surprise elected of 2016 are same people that woke up during kavanaugh hearing, said, wait, we have to reengagement these midterms do matter, we know that internal polling is telling us perhaps that hearings flipped as many as 5 se seats to red zone, it looks good to me, i believe for republicans. >> last time democrats within this radical -- protesting in streets, yelling and screaming 1968-72 it cost them a lot av at the polls. >> to drove normal people away. lou: great to have you. >> thank you. lou: up next president trump rallies voters in erie, pennsylvania, more from the president when we continue, stay with us. geico has over 75 years
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of great savings and service. with such a long history, it's easy to trust geico! thank you todd. it's not just easy. it's-being-a-master-of-hypnotism easy. hey, i got your text- sleep! doug, when i snap my fingers you're going to clean my gutters. ooh i should clean your gutters! great idea. it's not just easy. it's geico easy. todd, you will go make me a frittata. just a second, we also have the mendez mediation. brian is going to take the lead just follow his- hello. uh, no i need it right now. yeah... success is a numbers game. and you're not going to win if you keep telling yourself to wait. the more often that you choose courage, the more likely you'll succeed. the most inspiring minds. the most compelling stories. download audible. and listen for a change.
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download audible. air velocity is reading at fifteen fpm. why would you need to learn every detail about a company? firmness... nine. it's how ibm services helps retailers around the world drive growth and save millions. he's very into this. yeah. is that the standard amount? yes. feels good. when your partners are obsessed with business and technology, you can put smart to work. we distributeus, i'm the owner environmentally-friendly packaging for restaurants. and we've grown substantially. so i switched to the spark cash card from capital one. i earn unlimited 2% cash back on everything i buy. and last year, i earned $36,000 in cash back. that's right, $36,000. which i used to offer health insurance to my employees. my unlimited 2% cash back is more than just a perk, it's our healthcare. can i say it? what's in your wallet?
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every call is different, so the only thing that we can do to make sure that we get there safely, and that we leave that scene safely and go home at night, is train. and we train all the time in the fire service. no matter how much we train, the last thing you want in a disaster is to lose communications. without communications, we have nothing-- people get hurt. when disaster strikes, that is when your communication service can really become your lifeline. ♪ (nicki palmer) we are constantly innovating. from a dedicated lane on our network just for first responders to cell towers on wheels. we can even fly cells in drones so communications stay up. in times of crisis, their calls go through, and they can get their job done. we know what we're getting into when we sign on, to take care of people and make sure everyone comes home safe. that's what my number one goal is.
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but some give their clients cookie cutter portfolios. fisher investments tailors portfolios to your goals and needs. some only call when they have something to sell. fisher calls regularly so you stay informed. and while some advisors are happy to earn commissions whether you do well or not. fisher investments fees are structured so we do better when you do better. maybe that's why most of our clients come from other money managers. fisher investments. clearly better money management. lou: this is where we are today. what we are look at tomorrow. president trump holding a rally in erie, pennsylvania. president trump: if you want security for your family, for yourself. if you want to continue our great economic boom like we have never seen before, but it's all
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very fragile. it could end. they want to end it. then you must go out and vote republican. we need those votes in d.c. lou: the president supporting congressman lou barletta for the senate. deputy attorney general rod rosenstein refusing to testify tomorrow at the house. a category 4 hurricane, 9-14 feet of flooding predicted near the panhandle's big ben. hurricane michael still heading toward parts of alabama and georgia. that's it for us tonight. the "wall street journal"'s james freeman is joining us tomorrow. we'll be talking about the
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market. just for those of you who western shocked to see that the dow fell 832 points. from the time he was elected, president trump has watched the markets go up 7,000 points. so a few dollars to account for. ken there are hurricane my knowledge is the strongest hurricane to make landfall in the united states. earlier this afternoon hurricane michael hit just east of panama i, florida packing winds of 155-mile-per-hour. there is still heavy damage in some of the surrounding areas. the storm surge in some places said to be up to 14 feet. peach downs
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